Brownwood Multifamily Investment
401 Main Street, Brownwood, TX 76801
- Added:
- May 19, 2026
- Days on Market:
- 10
- Last Refresh:
- May 28 at 9:06 am
Property Features for 401 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 20
- Bathrooms
- 10
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 20
- Parking features
- Paved or Surfaced
- Interior features
- Open Floorplan
- Fireplace
- 1
- Appliances
- Cooktop, Cooktop - Electric, Dishwasher, Refrigerator, Refrigerator - Built-in, Washer
- Standard status
- Active
- APN
- 000000055806
- Lot size
- 0.49 Acres
Utilities
- Heating system
- Central, Fireplace(s)
- Cooling system
- Central Air
Building Details
- Year built
- 1990
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Other
Listing agent Maxim Son License #0817026 (855) 450-0442
Listing office Real Broker, LLC 2626 Cole Avenue, Dallas, TX (855) 450-0442
Listing date May 19, 2026
MLS# 21129647
Listing URL
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Cash‑flowing 10‑unit property with strong occupancy in a prime downtown location.
- Significant value‑add potential through conversion to 20 units or short‑term rentals.
- All utilities are separately metered and paid by tenants.
- Recent $120k+ in improvements including updated electrical, plumbing, flooring, and parking lot.
- Excellent location on Main St, 5‑minute walk to Howard Payne University, and 7‑minute drive to Hendrick Medical Center.
- Ultra‑low property tax rate of 0.6%.
Overview
This is a 10-unit property located in downtown Brownwood. The property is situated on a 0.489-acre lot on Main Street, offering visibility and convenience for tenants. Each unit has an identical layout featuring 2 bedrooms, 1 bathroom, and 720 square feet. Units are equipped with a dishwasher and washer-dryer hookups. All utilities are separately metered and paid by tenants. The property has undergone over $120,000 in improvements in recent years, including updated electrical and plumbing systems, LVP flooring, and a new parking lot. The property is a 5-minute walk to Howard Payne University and a 7-minute drive to Hendrick Medical Center. The location offers upside potential supported by the Brownwood downtown revitalization project. The property has an effective property tax rate of 0.6%. Value-add strategies include conversion to 20 units or conversion to short-term rentals.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Brownwood
- County
- Brown
- State
- Texas
- Longitude
- -98.984181
- Latitude
- 31.721241
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Cash-flowing 10-unit property in downtown Brownwood with value-add potential.
Where is this apartment building located?
The property is located at 401 Main Street Brownwood, TX.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Cash‑flowing 10‑unit property with strong occupancy in a prime downtown location.; Significant value‑add potential through conversion to 20 units or short‑term rentals.; All utilities are separately metered and paid by tenants.
